Accountancy, asked by rohitkumarraj9625, 7 months ago

another name of accrual bases​

Answers

Answered by faisalaatika37
1

Cash basis is another name of accrual basis

Answered by aisha424
0
The term accrual is also often used as an abbreviation for the terms accrued expense and accrued revenue that share the common name word, but they have the opposite economic/accounting characteristics. Accrued revenue: revenue is recognized before cash is received.
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